Based on the information below, choose the correct answer. note: the monthly loan payment was calculated at 119 payments of $185.98 plus a final payment of $185.70. loan balance: $15,000.00 loaninterest rate: 8.50% monthly loan payment: $185.98 number of payments: 120 cumulative payments: $22,317.32 total interest paid: $7,317.32 on average, what dollar amount of each monthly payment is interest? $ 60.9862.9861.98 what percent of the total payments is total interest? 32.831.833.8 %

The dollar amount of each monthly payment that is interest is

$7,317.32 / 120 = $60.98

The percent of total interest of the total payment is

$7,317.32 / $22,317.32 * 100 = 32.83%

Hope this helps u!!!

20

step-by-step explanation:

let x be the money she spent so that she can earn the free t-shirt.

since, she already spent $112.49

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also, as per the statement: jennifer must spend $250 or more in order to qualify for a free t-shirt at the store.

then,

we have an inequality i.,e

subtract 112.49 from both sides we get;

therefore, $137. 51 more money does jennifer need to spend so that she can earn the free t-shirt